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$1,400,000   Price Analysis
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726 W Imperial Hwy
Los Angeles, CA 90044
13 bed 7 bath 4,165 SqFt ($336/SqFt)
8,341SqFt lot. Built 1940
Listed 2024-06-21, Taxes $7,122		Ⓧ USDA Ineligible
due to price & location
near Los Angeles

We are pleased to present 726 W Imperial Hwy

A 6-unit value add apartment communi ty located in the Harbor Gateway neighborhood of South Los Angeles, CA. The property is comprised of an excellent unit mix of (5) 2 bed/1Bath units and (1) 3 bed/2 Bath unit. This unique investment opportunity offers significant rental upside potential of approximately 75% with market and over 100% with Section8. Section 8 Voucher Payment Standards (per HACLA) are currently up to $3, 052 for 2-bedroom units and $3, 915 for3-bedroom units as of 2/2024. The gated property also sits on 8, 341 square feet of land zoned R3-1-CPIO with rear alley access and parking for 7-8 vehicles.

The property falls under TOC Tier 3 (up to 21 units) and is ED1 Eligible (unlimited density and streamlined approval process for Affordable Housing).726 W Imperial Hwy is centrally located off the 105 and110 freeways, providing convenient access to Downtown LA, Hollywood Park/Sofi Stadium, LAX nd South Bay. South Los Angeles has seen significant rent growth over the past several years due to its relative housing affordability and convenient proximity to Downtown Los Angeles, Sofi Stadium, USC, Culver City and South Bay. Rents in South LA have grown significantly over the past few years with average2-bedroom market rents reaching $2, 300-$2, 600 and Section8 Voucher Payment Standards rising up to $3, 052. With low vacancy rates, landlord-favored market conditions and numerous employment options nearby, South LA is poised for significant long-term growth.


Presented by Brandon Evans at
Rosano Partners.


Property MLS #24-406731 from TheMLSCLAW

Bedrooms: 13

Total Bathrooms: 7
Full Bathrooms: 7

Oven
Gas/Electric Range

Cooling Features: Wall/Window
Heating Features: Wall

Other Structures: Shed(s)

Lot Size Acres: 0.191483
Lot Size Source: Assessor
Lot Size Square Feet: 8341

Garage Description: Driveway, Driveway Gate, Private, Direct Entrance, Parking Space
Parking Total: 7

Association: No
Calculated Total Monthly Association Fees: 0

Number of Buildings: 3
Number of Units: 6
Unit Features: 1 BedsTotal: 2, 1 BathsTotal: 1, 1 SquareFeet: 2400, 2 BedsTotal: 3, 2 BathsTotal: 2, 2 SquareFeet: 3200

Gross Income: 108720
Tenant Pays: Gas, Electric
Vacancy Allowance: 3262

Source Listing Status: Active
County: Los Angeles
Cross Street: Imperial Hwy & Hoover St
Cap Rate: 4.56
Directions: Imperial Hwy & Hoover St
Source Property Type: Residential Income
Area: Metropolitan Southwest
Source Neighborhood: Metropolitan Southwest
Owner Pays: Water, Gardener
Parcel Number: 6088-002-004
Postal Code Plus 4: 4151
Zoning: LAR3
Source System Name: C2C

YearAssessments
Building + Land
Total		Tax
2022$120,723 + $392,363
$513,086		$7,122
2021$118,356 + $384,670
$503,026		$7,019
2020$117,143 + $380,726
$497,869		$7,078
2019$114,847 + $373,261
$488,108		$6,835
2018$112,596 + $365,943
$478,539		$6,675
2017$110,389 + $358,768
$469,157		$6,503
2016$108,225 + $351,734
$459,959		$6,325
2015$106,600 + $346,451
$453,051		$6,244
2014$104,512 + $339,665
$444,177		$6,304
2013$104,040 + $338,130
$442,170		$6,289
2012$102,000 + $331,500
$433,500		$6,366
2010$201,506 + $251,882
$453,388		$8,217
2009$178,600 + $405,912
$584,512		$7,928
2009$178,176 + $404,949
$583,125		$7,928
2008$175,099 + $397,953
$573,052		$7,613
2007$171,666 + $390,150
$561,816		$7,367

Listed 2024-06-21
$1,400,000
TheMLSCLAW
Listing removed 2022-09-07
$0
CRMLS
Listing removed 2022-08-02
$0
CRMLS
Price Changed 2022-06-23
$1,350,000
CRMLS
Price Changed 2022-06-23
$1,350,000
CRMLS
Price Changed 2022-06-08
$1,450,000
CRMLS
Price Changed 2022-06-08
$1,450,000
CRMLS
Listed 2022-05-13
$1,500,000
CRMLS
Listed 2022-05-13
$1,500,000
CRMLS
Sold 2011-05-16
$425,000
ITECH
Listing removed 2011-05-04
$459,000
CRMLS
Listed 2011-03-28
$459,000
CRMLS
Listed 2011-03-28
$425,000
ITECH
Listing removed 2011-03-25
$529,000
ITECH
Listing removed 2011-03-23
$529,000
TheMLSCLAW
Listing removed 2011-03-03
$529,000
TheMLSCLAW
Listed 2010-11-06
$529,000
ITECH
Listed 2010-11-06
$529,000
TheMLSCLAW
Listed 2010-11-06
$529,000
TheMLSCLAW
Sold 2004-12-03
$540,000
ITECH
Listed 2004-08-30
$580,000
ITECH
Listing removed 2004-07-08
$460,000
ITECH
Listed 2003-06-10
$460,000
ITECH
Sold 2001-09-21
$300,000
Public Record
Sold 1976-01-06
$40,000
Public Record

Net Operating Income: 63908

Total Square Feet Living: 4165
Year Built: 1940
Building Exterior Type: Stucco
Common Walls: Attached
Levels: Multi Levels
Living Area Source: Assessor
Property Age: 84
Roof: Asphalt
Levels or Stories: 2
Building Total Stories: 2
Year Built Source: Assessor

Other Equipment: Range/Oven
Security Features: Gated

Washington Primary Center School is a public elementary school located approximately 0.2 miles away.
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Samuel Gompers Middle School is a public middle school located approximately 1 miles away.
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Ascension Elementary Catholic is a private elementary and middle school located approximately 0.3 miles away.
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Boys Academic Leadership Academy is a public middle and high school located approximately 1 miles away.
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.